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Book synopsis

" The poor stay in poor not because they are lazy but because they have no access to capital". Milton Friedman, Nobel Prize Winner in Economics (1976) Micro-finance is a unique development in the area of financial inclusion that helps to enhance socioeconomic status of the people through micro-credit and income generation program. The micro-credit is a distinctive innovation of credit delivery technique that provides loans to the marginalized and disadvantaged people under collateral-free group-based lending system. In fact, it is an effective tool of financial inclusion and poverty reduction in developing countries. Micro-finance has become a significant part of development finance to address poverty reduction. Today, micro-finance has become a way of reaching to the poor and marginalized people.

Book details

• Full title: Micro-finance and Socio-economic Transformation: Evidence from Nepal
• Subtitle: Role of Micro-finance on Socio-economic Development: A Study of Western Development Region of Nepal
• Author: Bharat Ram Dhungana
• Language: English
• Binding: Paperback
• Number of pages: 360
• EAN: 9783659828034
• ID: 02951148
• Publisher: LAP Lambert Academic Publishing
• Weight: 554 g
• Dimensions: 220 × 150 × 22 mm
• Date of publishing: 26. February 2016

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